Microsoft has unveiled the new Xbox, and it’s called Xbox One. It’s Microsoft’s first new console in more than seven years. The console will be available “later this year.” Microsoft exec Don Mattrick called it out as an “all-in-one” box. The core strategy is “simple, instant and complete.” It was debuted alongside a new gamepad as well as a new Kinect motion camera.

The Xbox One is large, sleek, and black, and looks like a piece of AV equipment. The controller and Kinect unit are redesigned, too: the Kinect and Xbox One, in particular, sport sharp-angled, glossy-black boxy looks. As a set, the Xbox One really does feel like some elaborate piece of home theater gear…and considering its mission to knit entertainment together into a modern all-in-one package, that’s clearly intentional. It also looks awfully big, compared with current-gen consoles and how they’ve slimmed down.